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In America:

SP500 +0.57%
Dow Industrials +0.35%
Nasdaq100 +1.06%
Dow Transports +0.41%
Russell 2000 +0.61%

Comment: Generally a moderate day up with the Nasdaq100 much stronger. Volume on the SP500 was low – but that may have been a “Nemo” effect.

NewHighs/NewLows 299/8. NH>NL. The ratio of NH/(NH+NL) is at 97.4%. In the Do Not Sell Zone. New Lows are benign.

Technical Comment on the SP500:

The SP500 finished at 1517.93. Major support: 1466.7. Resistance 1526.7
MACD Histogram. Marginally below zero. Neutral.
MACD. Above zero. Positive but falling gently.
RSI.9 is at 62.3. Negative divergence.
Stochastic. 92.7. Overbought.
CCI.14: +151.6. Overbought.

The up trend remains intact. Until the oblique trend line from 8 January is broken to the downside, we must presume the bias of the market is to the upside. Action today was, for the most part, a gentle sideways drift. I don’t think much can be read into it except that it maintained the bias to the upside. ”Overbought” has now become a meaningless term. The best hope for the bears is the neg. divergence on the RSI.

Final comment: I'm bored.
Redbacka